The XBT News Trader platform claims that if you sign up for this system, you will attain financial independence within a very short period of time. In fact, it claims to help you become a millionaire without fail.
You are led to believe many things once you land on their homepage. There is a video playing making all sorts of promises and there are statements published to arouse your interest in this software. But, can this be a legitimate solution for achieving massive success in online trading?
One thing I can tell you for sure is that XBT News Trader is a repackaged scam that will make you puke. Don’t believe me? Read on to uncover what I have found about this brand new investment solution that is currently pushing its way through the Internet, claiming to change lives.
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XBT News Trader At a Glance
Even if you don’t know how to trade, this software will make the work easy for you. Well, this is what its developers are trying to claim. Let’s take a look at what they are saying.
According to them, XBT News Trader is capable of analyzing hundreds of news articles from relevant sources. They have a team of analysts who scrutinize the news and predict trends in market prices for various digital currencies. By finding the best pieces of information and converting them into signals that can be used by traders, this software supposedly helps traders save time and energy. It promises to save them a great deal of hard work and to reveal them trading opportunities as and when they appear.
Review Verdict: XBT News Trader Is Scam
I really wish everyone on this earth had access to such a miraculous tool because it would have definitely helped eradicate poverty and employment-related problems. But sadly, miracles don’t happen in the trading world. XBT News Trader is not the reliable option you are probably looking for.
Traders cannot meet their investment goals by using this software. It will be more correct to say that traders will not manage to earn anything out of it because it is most likely a dangerous scam meant to deceive everyone who entrusts it with their hard earned investment funds.
So How Does It Work?
When there is deception, there are lies. The people who are operating this software have based their entire scheme on lies. This software isn’t specifically designed to collect the latest news and generate useful signals for you. It is designed so that it can trick you into signing up with a broker they have partnered with.
They haven’t revealed the name of the broker, but reports suggest that their brokers are unregulated and unsafe to use. Statements coming in from traders are shocking because they have talked about how disastrous their experience was. Traders have generally lost a lot of their funds by trusting this system. It hasn’t worked even a bit for them. Instead, it has wiped out their accounts, leaving them with no chance for a refund.
Withdrawals are not possible with those dishonest brokers because they take every step to refuse payment to their clients. They suspend and block accounts so traders cannot do anything about them. Since they are not regulated, there is also no hope of complaining and seeking justice. No financial regulatory body will look into the matter because these programs have a tendency to vanish overnight.
XBT News Trader Is a Dangerous Scam
I can confirm that XBT News Trader is a rebranded version of an old scam. Its older version was released in 2017 and was soon blacklisted after many traders lost their investment funds with it. Now, this one has been released to take its place and scam many more innocent traders.
XBT News Trader is run by dangerous people and not a group of professional traders. Their intention clearly shows that they are thieves who will grab onto any opportunity that is available. They have told many lies and played many tricks in an attempt to attract the attention of traders.
Their free license trick is a failure because scammers have been doing this for years now to connect traders with shady brokers. Their promo video is also weak because it has been edited badly to convince traders. Remember the scene where a team of people in professional attire are holding the XBT News Trader logo? This is actually an edited version of a stock video. The same video has been used by many fraudulent companies to promote their products and I can confirm this based on the evidence I found online.
Another disturbing thing I found was that XBT News Traders claims to be endorsed by popular news channels such as CNBC and CoinDesk. This information is not correct because this scam software has neither received any endorsements, nor recommendations from any media outlet.
I seriously don’t want you to be the next person falling victim to their lies. The only thing I can suggest is that since XBT News Trader is a big scam, it will be wise to stay away from it. The trading system is run by thieves who are out there for your investment funds only. You can save yourself if you say no to their offer and look for a more reliable solution to making investments online.
Review Verdict: XBT News Trader Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.